Staking Babylon sparks Bitcoin fee hike: Transfers hit $105 before falling

On August 22, Bitcoin’s onchain transaction fees soared to over 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 am EDT. However, by 9:40 am EDT Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice As Fees Hit $105 (…)